Nokia Growth Partners is a venture capital arm of Nokia Corporation specializing in direct and fund of funds investments. For direct investments, it invests in growth capital and seed/startups, mid to late venture, and growth stage. The fund seeks to invest in venture capital and private equity funds while making fund of fund investments. In direct investments, the firm typically invests in following sectors: mobile enterprise; adtech, data, analytics, mobile, consumer, connected car, local commerce, digital advertising, media and entertainment, information and communications technology, gaming, education technology, two-way mobile data services, electronic components, broadband telecommunication services, telephone equipment, wireless networking equipment, consumer internet, services, and local/auto services. In fund of funds investments, it seeks to invest in mobile innovations. The firm invests globally focusing on the United States, Europe and Asia with a focus on China and India. It typically invests between $2 million and $15 million in its portfolio companies. The firm prefers a board seat or board observer seat in its portfolio companies. It may co-invest and prefers to be the lead investor. Nokia Growth Partners was founded in 2004 is headquartered in Redwood City, California with additional offices in United States, Europe, and Asia.

Nokia Growth Partners (NGP) is looking for acquisitions. The company is planning to make investments in Indian companies. NGP is keen to invest in local services, enterprise mobility (business software), digital advertising, embedded software, and semi-conductor companies. NGP Advisors India Managing Director, Upal Basu said, “We are looking at stepping up the pace of our investments in India, along with that in other parts of the world. We are super active. In India, valuations of companies have come to a balanced level from an investor’s point of view.”

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